Ferro (NYSE: FOE ) reported earnings on April 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Ferro missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share grew significantly. GAAP earnings per share stayed the same.
Gross margins dropped, operating margins grew, net margins shrank.
Ferro reported revenue of $417.5 million. The six analysts polled by S&P Capital IQ anticipated sales of $434.4 million on the same basis. GAAP reported sales were 10% lower than the prior-year quarter's $466.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.10. The three earnings estimates compiled by S&P Capital IQ forecast $0.06 per share. Non-GAAP EPS of $0.10 for Q1 were 150% higher than the prior-year quarter's $0.04 per share. GAAP EPS of $0.01 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.0%, 10 basis points worse than the prior-year quarter. Operating margin was 4.2%, 140 basis points better than the prior-year quarter. Net margin was 0.2%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $447.2 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $1.69 billion. The average EPS estimate is $0.32.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 135 members out of 153 rating the stock outperform, and 18 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Ferro a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ferro is hold, with an average price target of $7.13.
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